UK Coal goes back into the black

Share

UK Coal returned to profit last year, and agreed land sales worth £18m, the company said yesterday. The company said in a trading update for the year ending 31 December that it had continued to make progress on the group’s three year strategic recovery plan, which was launched in May last year. In a statement it said: “In 2011, UK Coal was restored to profitability and the board now anticipates operating profit for the full year to be in line with expectations, with full year tonnage of 7.5m tonnes.”